124 TROUBADOUR LN
About This Property
Listed By
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2026 | Listed by TX SOLD, LLC | $50,000 | |
| Listed by TX SOLD, LLC | |||
| Aug 20, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 30, 2026 | Price Decreased |
$60,000
↓ $2M
(96.9%) | |
| Price Decreased | |||
| Jun 18, 2026 | Listed by Fraire Realty Group, INC. | $1,920,000 | |
| Listed by Fraire Realty Group, INC. | |||
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This offering presents a rare opportunity to secure a finished lot within Poteet ISD, with the added flexibility for buyers to acquire multiple lots or even all 32 finished lots available. All schools are less than a mile away, keeping future projects conveniently connected to the community while still offering a quiet setting close to everyday essentials and major routes. Each lot is equipped with underground utilities already in place, allowing builders to begin construction immediately. This level of readiness significantly streamlines timelines and reduces upfront siteprep work, making the property ideal for those looking to move quickly. Beyond the finished lots, the surrounding area includes roughly 155 acres of raw land with potential for future expansion or additional development concepts. The combination of platted lots and adjacent acreage creates meaningful possibilities for builders, investors, or anyone envisioning a largerscale project. Opportunities with this level of versatility and future potential are hard to find. Whether you're planning to build now or position land for growth later, this offering deserves serious consideration.
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| Oct 21, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017